OCBC launched the OCBC FRANK Card six years ago targeting the young new generation crowd with a limited budget. It is one of the best entertainment credit cards offered by OCBC and comes with distinctive card designs catering to everyone’s aesthetics. So your card can have a pug, a colourful pattern, a cityscape, a slogan, a train engine, or a bag of fries – whichever image takes your fancy from the 120+ designs available.
With the OCBC FRANK Card, you will get cash rebates when you dine out, shop online or go out to watch movies. You can make payments via OCBC OneTouch, Visa payWave, Samsung Pay, Apple Pay or Android Pay. OCBC FRANK is suitable for youngsters as well as people looking to save on entertainment spends.
Reference: What is Visa Verified?
There are numerous benefits of getting an OCBC Frank Credit Card. Let us take a detailed look at them:
The stay has be completed by 31 October 2018, and you should stay for a minimum of two nights to enjoy these privileges. You won’t get any discount on the taxes and booking fee.
Find more promotions from OCBC Singapore With Credit Cards
FRANK is the cool kid on the block with whom you can checkout, hang out and cash in. The card rewards purchases in the following ways:
For more details check out https://www.frankbyocbc.com//pdf/terms-and-condition-for-FRANK-cash-rebates-rewards-programme.pdf.
All OCBC credit cards provide interest-free instalment plans using which you can shop at about 1,000 participating merchants throughout Singapore. These stores exist in different categories like health & wellness, insurance, travel, education, automotive and more. You need to apply for a 0% Instalment Payment Plan at the time of purchase or within a few days, as specified by the bank. If you want to pay off the instalments before the specified tenure, you will be required to pay a termination fee of S$150.
Another instalment plan offered by OCBC is the PayLite. There is no selected list of merchants for this plan; instead, you need to have a minimum bill amount of S$500 to convert your payments to PayLite. A processing fee of 3% is applicable on these conversions, and the effective interest rate changes depending on the tenure of the plan (the shorter the tenure, the higher the cost to you).
|Type of fee||Amount payable|
|Annual fee||S$80 (Free for the ?rst 2 years)|
|Supplementary card fee||S$40 (Free for the ?rst 2 years)|
|Interest rate||25.92% per year|
|Late payment charges||S$100|
|Cash advance fee||S$15 or 6% of the sum withdrawn – whichever is greater|
|Interest on cash advance||28.92% p.a. Minimum charge of S$2.50|
|Administrative fee||1.8% of the transaction amount|
You can activate your credit card through the following channels:
When you buy an item outside Singapore using your Singapore-issued card, the amount is first converted into US dollars and then to Singapore dollars. Most banks and card networks levy a service charge for making these conversions.
If you use your OCBC credit card to make transactions using foreign currency, an administrative fee of 2.8% will be charged. This fee includes two components, 1% charged by MasterCard and 1.8% by OCBC. A Dynamic Currency Conversion fee of 1% of the transaction amount will be charged if you use your OCBC card to make payments in Singapore dollars overseas.
All OCBC credit cards can be used to withdraw money during emergencies. You can either use the Cash-on-instalment feature or the Cash Advance facility to withdraw money. Cash-on-instalment is like a personal loan that you take from your card. The repayment tenure is 1 year to 5 years and the effective interest rates start from 11.47% a year. There is also a processing fee of 2% of the amount. You can also transfer money from your credit card to a different account. To be able to use this service, you will either have to submit a form online via OCBC website or send an SMS to 72222.
If you require cash immediately, you can apply for cash advance with OCBC credit cards. If your OCBC FRANK Card is approved after 22 August 2012, you are eligible to get a maximum of 70% of your credit limit via cash advance. If your credit card was approved before 22 August 2012, you can withdraw as much of the credit limit is remaining on the card.
You will be charged an interest of 28.92% with a 6% cash advance fee (minimum S$15). You can use Visa/MasterCard ATMs overseas and OCBC ATMs in Singapore to get the cash. Alternatively, you could visit any OCBC branch locally or an overseas bank with Visa/MasterCard affiliation to withdraw the money. If you want to opt for Dial-a-Cash, call 1800 363 3333 (from Singapore) or +65 6363 3333 (from outside the country) to get the money.
If you want an OCBC FRANK Card, you can apply directly on the website of the bank. You can also personally visit the nearest branch of OCBC with all the valid documents and submit the application form.
Credit card interest rates are compounded daily. The effective annual rate of interest on transactions on the FRANK card is 25.92%. This is applicable after an interest-free period of 23 days. The interest is applicable only on the amount you carry over to the next statement. The minimum interest levied is S$2.50 per month.
You will have to pay either S$50 or at least 3% of your outstanding credit card balance, whichever is higher every month. If you have any payments that are pending from the previous months, you will have to pay them in the prevailing billing period.
There are numerous methods to pay your credit card bills, including cash deposits at OCBC branches, AXS terminals, and cheque deposits. However, to avoid getting charged any late fees, you must use faster methods of paying that are:
This service is also available on the OCBC mobile banking application.
To pay your bills using your OCBC current/savings account, you can apply for GIRO and submit the InterBank GIRO application form. It might take up to six weeks for your application process to complete. With this automatic payment option, the due amount will be debited from your account automatically every month. Ensure that you have enough money in your account, a day before the due date.
Call the hotline number 1800 363 3333 (24 hours) for assistance to block your card in case your OCBC FRANK Card is lost or stolen. If you lose your OCBC credit card or if it gets stolen, you are liable to pay not more than S$100 incurred on fraudulent payments on the card. You shall not be held liable if the security of your credit card is breached and it is used to make an illegal transaction after you have notified the bank of your card getting lost/stolen. If the card is stolen, make sure to fire a police report and submit it to the bank as proof of your innocence. The bank will deduct the relevant amount for all transactions that were done before you gave the notification to the bank, even if the transactions were done without your knowledge.
Runtime: Till 31 Jan, 2016
Particulars: Apply for an OCBC Frank credit card by 31 Jan, 2016 and get cash reward of up to SGD 88 when you spend a minimum amount of SGD 400 in the initial 30 days of receiving the card. You will also be eligible for the perks and privileges offered with this card.
Terms and conditions
This OCBC credit card promotion is limited to only the initial 500 card holders who are not more than 30 years old. Please contact the bank to know about all the applicable terms and conditions.